Some reasons to invest in Bitcoin 2022
Today I want to talk about some reasons why we should invest in Bitcoin and it is something that many of us should know.
Absolutely all of us know that the Bitcoin years ago cost much less than 1 cent and we simply did not know that this cryptocurrency was going to increase its value so much to invest in it, maybe this is why I sometimes share in my blog some cryptocurrencies that its value does not exceed the US dollar, I would like to participate in some cryptocurrency similar to Bitcoin, as for example I can take the cryptocurrency SHIBA INU that rose its value to more than 1,000,000% in less than a year, I would like to invest at least 10$ and a year to make at least 10,000 that currently this is possible guys.
The main reason why we should invest in Bitcoin is because of the inflation that fiat currencies have and I remember that Bitcoin was created to evade economic crises and that is something we should all keep in mind.
All of us know perfectly well that bitcoin is the most popular cryptocurrency of all and that is something that perhaps draws a lot of attention to us, I should mention that it was the first cryptocurrency in the world, I think I am not wrong.
Inflation of FIAT currencies
The financial system in which we currently live is regulated by governments and that means at a certain point that they can manipulate the price. If we think about it, the great depression of 1929 and what was the financial crisis of 2008 in this same year was where Bitcoin was born, are some small examples of this. The government and central banks can use money in a very irresponsible way as well, and that obviously affects all of us investors in a negative way guys, where we can lose all our saved money, our savings and of course our jobs.
We have to keep in mind guys that the problem of the modern economy to these serious financial drawbacks such as inflation, has become simply printing a lot of money and especially at the beginning of the pandemic. This cash that banks worldwide print to supposedly save inflation, but this is not so guys what this does is kill the economy in some cases. On the one hand it can save large companies and some banks but still this can be serious for certain branches of the world economy. This causes hundreds of trillions of dollars to be injected into the economy, a study has been done that says that 80% of all US dollars were printed during the pandemic and to me this is a very bad idea.
Why was Bitcoin created?
We have to keep in mind that Bitcoin was created with the intention of being a decentralized currency where the user of the cryptocurrency simply has the control of the transactions and not a central bank. For this reason this cryptocurrency does not depend on a bank or a specific government. So this cryptocurrency avoids any problems related to regulations or any other political, economic or social reasons and this currency carries a strong anonymity for transactions and on the one hand it is good and on the other hand not so good.
Moreover, this cryptocurrency was born with the intention of fighting inflation and experts say that the Bitcoin is the best asset to invest and I am reading this since many years ago, when I learned about the Bitcoin only cost about 450$ and today it has reached x100.
We have many questions about the creator of this cryptocurrency, many claim that its creator is called "Satoshi Nakamoto" but many experts claim that it is only a pseudonym to avoid being traceable and the government or the entities that regulate transactions can control the payment system with this cryptocurrency, but even so they have made friends.
Only a certain amount of Bitcoin can be mined
We have to be clear that we can only mine a certain amount of Bitcoin and when the last Bitcoin is mined there is no more for us, we have to buy it friends. Currently at the time of writing this article the amount of Bitcoin in the world is over 19 million and only 21 million can be mined, we are very close to mine the last bitcoin guys but what will happen when the last Bitcoin is mined? I honestly don't know, I will make an article about this soon guys, stay tuned ok? I just want to mention that there is a limit of Bitcoin, they are not infinite.
I hope you liked the reading guys, remember that investing in Bitcoin in the long term is a very good thing for us and always remember that this cryptocurrency was created to evade the economic crisis guys, see you in the next post I say goodbye with a big hug.
Kolus290.
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